Tag: $Silicon Valley Bank

SVB agrees to sell its investment banking division

SVB Financial Group (SIVBQ.PK) said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group.

First Citizens BancShares records $9.8 bln gain from Silicon Valley Bank purchase

First Citizen BancShares Inc on Wednesday reported a gain of $9.82 billion in the first quarter from its acquisition of failed lender Silicon Valley Bank in March.